Quicken Loans Inc. made a gain in its quarter-over-quarter originations, though not quite as much as the industry overall. Meanwhile, Quicken’s mortgage servicing portfolio was modestly higher, and staff numbers held up.
Residential loan production for the second quarter reached $13.1 billion, according to Mortgage Daily’s Second Quarter 2014 Origination Survey.
With $1.9 billion more funded loans over last quarter, Quicken’s first-six month production for 2014 total finished at $24.3 billion.
The 17 percent improvement from the first quarter wasn’t quite as strong as the 23 percent industry average tracked so far by Mortgage Daily.
In the second-quarter 2013, Quicken originated $10.7 billion more in loans than during the latest period.
In the loan servicing arena, the online retail lender serviced $148.3 billion as of the second quarter’s close.
Compared to its portfolio as of March 31, Quicken’s servicing saw a small 3 percent bump.
The latest total was also higher than the $131.5 billion in servicing as of June 30, 2013.
When March came to a close, Quicken previously reported had more than 10,000 employees.
“Our headcount remains unchanged at just over 10, 000 team members,” Aaron Emerson, director of communications for the Detroit-based lender, said in a written statement.
Staff numbers also came in around 10,000 as of June 2013’s end as well.
